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Is it legal to impose forced leaves on employees?

I am employed as a factory worker at a manufacturing plant located in Balagtas, Bulacan. Last month, all employees were informed of management’s decision to streamline the company’s operation due to low market demand. We were told that some of us would be placed on forced leave and a work rotation for two months sta…

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Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP

Global attention this holiday-shortened week,will center on the US labor market, with the June employment report due on Thursday ahead of the Independence Day holiday. A reminder that the US will be 250 years old this week. Alongside that, central bank communication will be in focus at the ECB’s Sintra forum (today …

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Sudan says China has waived $50m loan: What’s in it for Khartoum, Beijing?

China has waived loans worth $50m that it had given to Sudan, the two countries said over the weekend. The agreement comes three years into a war between Sudan’s army and the Rapid Support Forces (RSF) that has shrunk the country’s economy by roughly 40 percent, according to the United Nations.

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Futures Rise As Dip-Buyers Lift Tech Stocks

US equity futures are higher led by Tech as Mag7 leads the group higher and points to a reversal of last week’s profit-taking, as traders position for the end of the first half. A shortened week will likely focus on a speech from the Fed’s Warsh on Wednesday and payrolls on Thursday. As of 8:30am, S&P futures are 0.…

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"Entering The Mega Investment Era": JPM Breaks Down South Korea's Plan To Double Memory-Chip Production

Any hope that the memory-chip shortage would ease this year was upended Monday morning, as South Korea's two memory giants, Samsung and SK Hynix, prepare a massive capacity expansion that will unfold over the next five years rather than provide near-term relief. That means the supply squeeze rippling through consume…

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